Archived News

The Managing Director of JEKON Integrated Farms Nigeria Ltd Mr Godswealth Henry has urged the Federal Government to include palm oil on its lists of agricultural produce for development.

PETALING JAYA: The European Parliament has approved a plan to seek restrictions on the use of palm oil in biofuels due to concerns about its environmental impact.

KUALA LUMPUR: Malaysian palm oil futures slumped to a three-week low on Wednesday evening as a firmer ringgit and weak demand weighed on the market.

SINGAPORE (Jan 18): The palm oil third-month contract may test a support at 2,462 ringgit per tonne, a break below which could cause a loss to 2,426 ringgit.

KUALA LUMPUR (Jan 17): Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong today slammed the European Union (EU) Parliament's decision to ban all palm oil biofuels from the bloc’s renewable energy future, calling the move unjustified and discriminatory.

The debate about the use of palm oil is back on the agenda ahead of a European Union (EU) vote on the matter.

Not all palm oil causes environmental destruction and human rights abuses, argues the Dayak Oil Palm Planters Association of Sarawak (DOPPA), a group organised to represent the interests of indigenous small holders in the palm oil industry.

The rate at which certain foodstuff are adulterated is alarming. You go to the market to buy foodstuff and you are not sure of the quality of what you are buying. In the case of the palm oil, one may make mistakes by simply depending on the physical appearance of the oil. So some sellers add colourants, liquids and other chemicals to increase the volume and make it more attractive and appealing to buyers. People can now check the quality of the oil they buy thanks to the invention by the Department of Applied Biochemistry, Nnamdi Azikiwe University (UNIZIK), Awka. They have devised a means of detecting adulterated red palm oil.

Benchmark third-month crude palm oil futures on Bursa Malaysia fell to MR2,494/mt, or $630.20/mt at 11:28 am Singapore time (0328 GMT) Wednesday, amid market concerns over the European Parliament's vote due Wednesday on a draft law for the second iteration of the renewable energy directive, or RED II, which includes a provision calling for the elimination of palm oil from biofuels consumed within the EU by 2021.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Jan 17.

KUALA LUMPUR: About 2,000 palm oil farmers protested Tuesday (Jan 16) against a push by the European Parliament to ban the use of the commodity in biofuels, saying it would devastate rural people's livelihoods.

PETALING JAYA: The Malaysian Palm Oil Council (MPOC) has secured the support of 57 members of the European Parliament for Malaysia’s palm oil industry.